Singapore - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Singapore was 46.44 as of 2020. Its highest value over the past 60 years was 51.37 in 2014, while its lowest value was 22.75 in 1963.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 40.05
1962 29.59
1963 22.75
1968 50.09
1969 47.01
1970 41.02
1971 41.54
1972 37.59
1973 33.15
1974 32.73
1975 32.51
1976 28.01
1977 29.12
1978 31.84
1979 32.50
1980 35.52
1981 34.39
1982 36.41
1983 36.64
1984 34.40
1985 33.86
1986 32.43
1987 30.29
1988 30.58
1989 30.43
1990 30.00
1991 30.77
1992 29.66
1993 32.11
1994 36.74
1995 37.59
1996 36.82
1997 36.11
1998 33.88
1999 35.21
2000 37.18
2001 37.64
2002 38.69
2003 44.07
2004 44.96
2005 46.16
2006 47.29
2007 48.65
2008 49.54
2009 47.97
2010 49.04
2011 49.09
2012 49.75
2013 50.82
2014 51.37
2015 50.95
2016 48.72
2017 50.24
2018 49.92
2019 49.74
2020 46.44

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports